Growing preference for minimally invasive surgeries coupled with increasing prevalence of chronic diseases such as gastrointestinal diseases, and cancer have attributed to the market growth. Increasing volume of endoscopic procedures, new product launches and technological advancements have also played a key role in boosting the endoscopy equipment market. However, higher cost of endoscopic procedures, limited reimbursement coverage and product recalls by FDA are restraining the market growth to a certain extent.
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Globally increasing geriatric population has a significant impact on endoscopy equipment demand because of their low tolerance to intervention, more vulnerability to diseases and health issues such as gastrointestinal problems, orthopedic diseases, cancer etc. The rise in popularity of minimally invasive and endoscopic procedures is creating huge opportunities for the growth of the endoscopy equipment market.
Some of the prominent players operating in the Endoscopy Equipment Market includes: -
• Olympus Corporation
• Stryker
• KARL STORZ SE & Co. KG
• FUJIFILM Corporation
• Medical Devices Business Services
• Smith+Nephew
• Boston Scientific Corporation
• HOYA Corporation
• Avante Health Solutions
• STERIS
• among others
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